Overall, the performance of new graduates employed appears to be reasonable, neither particularly low or high. The performance ratings given to new graduates employed, across the twenty-five skills and attributes tested, ranged from 3.2 to 4.2 out of a possible 5.0. However; the performance of new graduates who had applied for positions but who were considered unsuitable was poorer, their ratings were between 2.9 and 3.9 out of 5.0.

http://www.detya.gov.au/highered/eippubs/eip99-7/execsum99_7.htm